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VFY prices decline in Chinese markets last week
24
Jun '13
Prices of Cotton Linter were assessed at RMB 2950/ton during the last week, which were down by RMB 50/ton from the previous week. In the last updates from market, offer prices were in the range of RMB 3000/ton to RMB 3100/ton. Trading prices were at around RMB 2700/ton to RMB 2900/ton. Average prices for last week were RMB 2780/ton.
 
Prices of Dissolving Pulp were offered at RMB 6610/ton in the last week, which were relatively stable from the previous week. Prices of imported Dissolving Wood Pulp were assessed at US$ 860/ton to US$ 870/ton. Prices of Pulp imported from the US were in the range of US$ 800/ton to US$ 900/ton, while those from Canada were in the range of US$ 860/ton to US$ 875/ton. Prices of Pulp imported from Sweden and Russia were between US$ 850/ton to US$ 880/ton.
 
VSF prices surged slightly to RMB 13250/ton in the last week, which was up by RMB 50/ton from the previous week. VSF market opened at RMB 13250/ton, remained stable during the week, and prices were assessed in the range of RMB 13200/ton to RMB 13400/ton. In the Chinese market, offers for imported VSF hovered in the range of US$ 1.88/kg to US$ 1.91/kg. Market experts expect VSF prices to remain stable-to-soft in the near term.
 
In the last week, VFY market remained stable-to-soft and prices were at RMB 37200/ton, due to sluggish demand from the downstream market. VFY producers kept offers in the range of RMB 36500/ton to RMB 38500/ton. VFY prices declined as market participants were less confident about market outlook and stayed away from the market. In the Chinese market, offers for imported VFY hovered in the range of US$ 5860/ton to US$ 5960/ton.
 
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Fibre2fashion News Desk - India

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